- FTSE indices dived as tapering metals and crude prices assaulted resources stocks, with Glencore (GLEN) and other big-ticket miners ravaged. Germany's DAX was down 3.11% and France's CAC 40 faltered 3.14%. Concerns about Greece and Syrian refugees added to pan-European market jitters.

To noon, FTSE 100 was down 140.44 points, or 2.3%, to 5968.27. FTSE 250 was down 291.96, or 1.73%, to 16,601.3. Both had busted below volatile range trade seen since end-August. At 11.39am, WTI crude was down 2.14%. Brent fell 1.49%. Gold was at $1131/oz, and copper at $232/lb. Industrial metals futures were softer.

Glencore (GLEN) took a big hit with its 8.95% tank to 108.35p. Antofagasta (ANTO) fell 7.07% to 525.5p and Anglo American (AAL) tumbled 6.89% to 647p. Other metals burrowers trailed. Oil majors were under the cosh after BP (BP.), down 2.79% to 324.25p, and Shell (RDSA), off 2.47% to 1538.5p.

Shire (SHP) went on an unexpected journey south with a fall of 3.99% to 4603.5p, with sector pals including Hikma (HIK), Astrazeneca (AZN) and Glaxosmithkline (GSK) rounding out the fellowship. Supermarkets eased, as did insurers and banks. Standard Chartered (STAN) lost 2.22% to 676.75p on fears it could be hit with fresh fines linked to Iran sanction breaking.

Roughly 80 blue chips shed 1% or more, and about 40 were off by more than 2%. House builders, commercial property and retail of all stripes figured lower. Just one stock made headway -- RSA Insurance (RSA), up 1.64% to 409.9p, on lingering froth of a hoped-for bid from Zurich.


Arian Silver (AGQ), up 31.65% to 9.38p, confirms the positive advancement of its financing discussions and the signing of a letter of intent and non-binding term sheet with Quintana AGQ Holding Co, approved by the independent directors of the company.

Mosman Oil & Gas (MSMN) flopped 20.33% to 4.88p as it pulled the trigger on a £1.5m gross fund raising at 4.5p a share. That the discounted cash call was oversubscribed. Proceeds would go to the acquisition of a proposed 70% stake in the South Taranaki Energy Project assets.

Europa Oil & Gas (EOG) lost 19.23% to 3.13p as its US partner on two exploration licences offshore Ireland – Kosmos Energy – walked away. That sparked a 15.08% slide to 1.38p at Antrim Energy (AEY), which was also part of the Frontier team.

Premaitha Health (NIPT) slumped 17.88% to 16.63p on booking a less than impressive FY pretax loss of £6.8m for the 13 months to March 31 March, from a loss of £1.6m. It blamed soaring admin costs and IPO related expenses.


UK public sector net borrowing rose to £12.1bn in August, against £10.7bn a year ago. Office for National Statistics said this was due a shift the pattern of income tax receipts.

Meantime, CBI industrial order expectations printed at -7 in September, against forecasts for a reading of 0 and from -1 previously.


Clontarf (CLON), up 14.67% to 0.43p, said it was fully funded for current activities over the next couple of years. 'We have made progress on two fronts: in Peru and Ghana.' Sirius Petroleum (SRSP) fell 12.73% to 0.48p on a discounted cash call. It was looking for £1.035m via a placing of 250m new shares and a subscription of 25m new shares all at 0.4p each.

Randall & Quilter (RQIH) fell 8.33% to 93.5p on a warning that full-year results will miss expectations. Swallowfield (SWL) rose 7.31% to 117.5p as FY results revealed strong profits growth and the reinstatement of the dividend.

Porta Communications (PTCM), down 8% to 7.13p, has swung to an H1 loss of £1.13m, from a year-ago profit of £0.17m. Revenue was £17.4m, from £9.9m. Anglo Asian Mining (AAZ), up 8% to 5.13p, said its H1 revenue rose to $41.8m, from $32.7m, due to increased precious metal sales. It posted a pretax loss of $4.1m, down from $7.5m last time.

AA (AA.) shed 9.17% to 302.75p as a range of headwinds lead to EPS downgrades for 2015 and 2015. H1 margins were down slightly. A.G. Barr (BAG) slipped 4.85% to 534.75p on disappointing interims and downgrades to FY profit expectations.

Mitchells & Butlers (MAB), down 3.19% to 340.2p, said total sales growth for the first 50 weeks of the year was 7.0%, with like-for-like sales growth of 1.0%. It also appointed Phil Urban as CEO from Sept. 27.

Other stocks in the news included Meggitt (MGGT), PZ Cussons (PZC), Hochschild (HOC), Close Brothers (CBG), Stagecoach (SGC), Golden Saint Resources (GSR), Billington (BILN), Savannah Resources (SAV), Card Factory (CARD), Regenersis (RGS), Journey (JNY) and Dairy Crest (DCG).

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